TradePlus-Fx|EURUSD: mixed success
Updated
đź’¬Description: The dollar, after all, retains the initiative in the market, but its competitors also have mixed success. We will designate this as a success, since intraday movements in favor of competitors are quite significant and for a trader this is a potentially good profit.
At the moment, the instrument is creeping up again to the level of 1.05194, which acts as support. Short-term trades, as always, are considered in both directions. Regarding longer-term trades, we can most likely expect the price to go to 1.06350 in the very near future. At this level, there is a significant number of sellers’ stop losses; against this background, one can expect an upward impulse. Most likely this will be a false breakout, but we will know for sure a little later.
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At the moment, the instrument is creeping up again to the level of 1.05194, which acts as support. Short-term trades, as always, are considered in both directions. Regarding longer-term trades, we can most likely expect the price to go to 1.06350 in the very near future. At this level, there is a significant number of sellers’ stop losses; against this background, one can expect an upward impulse. Most likely this will be a false breakout, but we will know for sure a little later.
đź””FX CALENDAR TODAYđź””
🇺🇸Housing Starts
🛢Crude Oil Inventories
🇺🇸Beige Book
âž–âž–âž–âž–âž–âž–âž–
🚀Thank for your BOOSTS🚀
👇Share your views and FOLLOW US👇
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The downward movement has been caught. Most likely there would be a recovery to ~1.05700, after which the downward movement would continue
Note
There is new idea for USDCAD🚀
Note
There is new idea for USDCHF🚀
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